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Tuesday, November 29, 2022

Global Developments, Inc., (OTCMKTS: GDVM) Reverse Merger Heats Up as New CEO Affects Massive Share Reduction and Shorts Get Trapped

Global Developments, Inc., (OTCMKTS: GDVM) is moving steadily higher with power rocketing up the charts in recent months now up about 1,000% from where we first wrote about the stock at around $0.005 on August 29. CEO Mr. Melvin Ejiogu, an executive who is President of VeeMost Technologies, a Cisco Premier partner recently became the controlling shareholder of GDVM and since then has instituted a new dilution policy, affected a massive share reduction and trapped the market makers who were seriously short. Now GDVM moves up with no resistance whatsoever on a locked float and MMs jumping over themselves trying to get shares. 

Reverse merger stocks can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and we have covered many on the website that have gone from pennies to dollars. Two recent RM runners that stand out are TSNP which went from sub pennies (where we first wrote about it) to several dollars per share. The other is HRBR which went from a few cents (where we first wrote about it) to $3 plus. GDVM is the perfect reverse merger candidate with a clean balance sheet and is debt free. 

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Global Developments, Inc., (OTCMKTS: GDVM) a Delaware corporation was incorporated in Delaware on December 9, 2004 as Autobahn International, Inc., changed its name to Global Developments Inc. on May 30, 2016, and changed its name to Global Developments Holdings, Inc. on September 20, 2018. The Company sought to focus on equity and debt financing opportunities and business acquisitions. The Company has not had any significant operations since 2012. The Company’s business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more target businesses. The Company has not identified or selected any Business Combination. As of March 31, 2022, the Company has no significant operations. 36,000 in liabilities.  

Mr. Melvin Ejiogu, GDVM controlling shareholder and CEO is also currently serving as the CEO and President of VeeMost Technologies. Mr. Ejiogu owns at least 76.56% of all shares of common stock issued and outstanding. He holds a bachelor’s degree in Business Administration with a specialty in Corporate Finance from the University of Akron in Ohio. Melvin also holds several top-level certifications in the I.T industry, and he is one of the few individuals who have earned the prestigious Cisco Certified Internetwork Expert (CCIE) certification. With over 25 years in the technology industry, Melvin has successfully blended his business acumen with his technical expertise, finding innovate ways to use technology to transform businesses and solve business issues. 

In his partnership with Fit Technologies in Cleveland Ohio where he served as the Director of Business Development and Director for Technology Engineering, Melvin was instrumental in growing the company’s annual revenue from $8M to $28M in a few years. Melvin has provided services to the US Federal Courts, Internal Revenue Service (IRS), United States Airforce, Fidelity Group, and many more. Melvin contracted with AT&T Labs where he served as a Lead Principal Architect & Designer, designing, implementing, and securing network infrastructures and solutions for large government entities and enterprise customers. He is recognized as an expert in delivering Transformation Services to enterprise organizations and was key to AT&T’s multibillion dollar contract with the United States Airforce.  

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VeeMost Technologies provides Digital Transformation solutions and services to organizations. The Company’s specialty is in architecting, deploying, and managing secure digital solutions and platforms for customers to be more efficient, profitable, and relevant in their businesses.

Not only does VeeMost offer guidance from the start, they also plan, deploy, optimize, and manage entire technology lifecycles for its customers. In 2021, VeeMost launched Innovation Hub Centers that focus on researching and developing new solutions that enhance its partners products and services. VeeMost has 4 offices globally and is a Cisco Premier partner. They are also partners with Microsoft, Splunk and Juniper Networks to name a few and have serviced over 1 million users over the years according to their website. 

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Currently trading at a $15 million market valuation GDVM OS is 368,333,637 down from 3.5 billion in September. The stock is moving up steadily on a locked float as the market makers scramble for shares in an effort to cover their naked short positions which are now seriously underwater. GDVI is moving northbound with no resistance whatsoever and nobody is selling as this short squeeze heats up fast. We will be updating on GDVM when more details emerge so make sure you are subscribed to Microcapdaily.

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Disclosure: we hold no position in GDVM either long or short and we have not been compensated for this article.

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